10 ms·
> The chances of SpaceX failing in an irrecoverable way are zero. In some sort of crazy black swan event, a public offering of stock/equity would easily bring i
by mschuster91 3y ago
> The chances of SpaceX failing in an irrecoverable way are zero. In some sort of crazy black swan event, a public offering of stock/equity would easily bring in vast sums for them.
Financially, there is almost zero chance for SpaceX to go under at the point they're at - every launch is profitable for them and the margin goes up with each time they can re-use any component, for boosters their record holder was at 19 launches until it was taken out by bad weather during transport [1].
The real danger for SpaceX is Elon Musk, plain and simple. Either he does something really stupid, something even more dumb than playing personal CSR for neo-Nazis, and the US government says "okay, that's f...ing enough now" as a result, or he goes completely against the US government: push for Mars because he finds out he has some sort of cancer or whatnot and wants to die there while the US government wants to first focus on the moon, or turn off services to Ukraine and instead provide services to Russia... or sell critical information to Russia, China or whatever just to stick the finger to the US government (aka, follow the Trumpian way of "I do what I want, what do they wanna do lol").
Yes, the US government can always go and nationalize SpaceX if need be, so it's not too high of a risk for SpaceX to go completely belly-up, but it would mean years upon years of nasty judicial fights.
[1] https://interestingengineering.com/culture/falcon-9-spacexs-record-breaking-booster-topples-over-sea-breaks-apart https://interestingengineering.com/culture/falcon-9-spacexs-...
- melodyogonna 3y ago[dead]
- somenameforme 3y agoThe only thing that's particularly unique about Elon is that he voices his actual opinions on topics instead of what he thinks will be most well received. It's a throw back to times long since past, where you will find highly visible individuals often had views starkly different than those of the government. It's not that that's changed - if anything I expect there's far less support for government decisions than in the past. But what has changed is that the government has grown absolutely massive. This growth has created a dependency relationship from many major companies, as falling out of favor with an oft retaliatory government could be ruinous to their margins. Vice versa, the government is not only excessively generous with companies that play ball, but also often turns a blind eye to their offenses. This has driven a culture of widespread self censorship and feigned never-ending approval. If anything I think Elon voicing his genuine opinions on matters, right or wrong, is one of the most patriotic things he could be doing, because loyalty to a country does not mean loyalty to a government - and often it's the exact opposite. Even in military oaths, for instance, this reality is observed. Officers swear oaths of loyalty not to the government, the President, or even their chain of command, but to the US Constitution. [1] There's endless great quotes from the Founding Fathers on this topic. A few random ones: -------- - "If Tyranny and Oppression come to this land, it will be in the guise of fighting a foreign enemy." - James Madison - "The spirit of resistance to government is so valuable on certain occasions that I wish it to be always kept alive. It will often be exercised when wrong, but better so than not to be exercised at all." - Thomas Jefferson - "If ever the time should come, when vain and aspiring men shall possess the highest seats in government, our country will stand in need of its experienced patriots to prevent its ruin." - Samuel Adams -------- I think the world, and especially our democracy, would work vastly better if everybody just spoke honestly. Right or wrong, smart or stupid. People freely and openly expressing themselves is the only way a democracy can really function. There is a reason that the 1st Amendment is at the top of the Bill of Rights. And right now we live in a time where this is probably more true than ever. Opposing never-ending wars, rapidly trending towards WW3, and the grossly out of touch and seemingly delusional politicians driving us there, does not demonstrate disloyalty. If anything, the path we're currently on could very well lead to ruin, yet so few are willing to observe that the Emperor has no clothes. [1] - https://en.wikipedia.org/wiki/United_States_Uniformed_Services_Oath_of_Office https://en.wikipedia.org/wiki/United_States_Uniformed_Servic...
- pjc50 3y ago> grossly out of touch and seemingly delusional politicians This has completely taken over the GOP, and yet you can't see that reflected in Elon's tweets.
- mschuster91 3y ago> People freely and openly expressing themselves is the only way a democracy can really function. There is a reason that the 1st Amendment is at the top of the Bill of Rights. The problem is, if you don't make sure that there is at least a common baseline of decency, eventually the one willing to fight the dirtiest will win out. "Anything goes, no repercussions" will always lead to a destructive death spiral as politicians and candidates will appeal to lower and lower emotions to score votes, and the ones who feel it most are usually those in a lower position of society: LGBT, migrants, even pregnant women. We've seen that in Germany in the events running up to 1933, we're seeing it across Europe now with the rise of the far-right willing to do literally anything including running on complete and utter lies (worst example: Brexit and the infamous NHS bus), we're seeing it in the US with the transformation of the GOP into MAGA and the unholy crusade of Evangelicals/White Christian Nationalists ("Project 2025") against everyone who is not like them. And on top of that you got the threat of "stochastic terrorism" - basically, speech that is legal in most jurisdictions, but powerful enough in its message to convince deranged people to act and kill [1]. The US and the UK are the only developed countries in the world which still run on their original constitutions and their principles from centuries ago: a time in which it was completely infeasible to even think about a technology that would allow literally all the village idiots from all over the world to communicate with - and radicalize! - each other, and it was generally assumed that institutions of a government could reasonably rely on other institutions of the government to follow the written and unwritten rules. Everyone else has updated their constitutions in the meantime, mostly due to acts of war, and used the chance to update their systems to learn from the past and its deficiencies. > - "If ever the time should come, when vain and aspiring men shall possess the highest seats in government, our country will stand in need of its experienced patriots to prevent its ruin." - Samuel Adams Well, we'll see how that one works out in November this year. The people behind "Project 2025" [2] have made it very, very clear on where they want to take the US - first, purge everyone they deem to be a threat to them from the bureaucracy, and then transition the US into a Christian theocratic dictatorship. [1] https://www.britannica.com/topic/stochastic-terrorism https://www.britannica.com/topic/stochastic-terrorism [2] https://en.wikipedia.org/wiki/Project_2025 https://en.wikipedia.org/wiki/Project_2025
- philistine 3y agoTheir most reused rocket is now 20 launches, and was used in a Galileo launch in an expendable configuration. https://www.space.com/spacex-galileo-l12-falcon-9-launch https://www.space.com/spacex-galileo-l12-falcon-9-launch